Endava's (DAVA) "Neutral" Rating Reaffirmed at JPMorgan Chase & Co.

Endava (NYSE:DAVA - Get Free Report)'s stock had its "neutral" rating reaffirmed by JPMorgan Chase & Co. in a report released on Monday, MarketBeat reports. They currently have a $18.00 target price on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 26.76% from the company's previous close.

Several other research analysts also recently weighed in on DAVA. Guggenheim lowered their price objective on shares of Endava from $40.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Cowen lowered shares of Endava from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Needham & Company LLC reduced their target price on shares of Endava from $22.00 to $18.00 and set a "buy" rating for the company in a research note on Thursday, May 15th. Susquehanna reduced their target price on shares of Endava from $55.00 to $50.00 and set a "positive" rating for the company in a research note on Friday, February 21st. Finally, TD Cowen lowered shares of Endava from a "buy" rating to a "hold" rating and set a $17.00 target price for the company. in a research note on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Endava has an average rating of "Hold" and a consensus price target of $27.46.

Endava Stock Down 3.4%

DAVA traded down $0.50 during trading on Monday, hitting $14.20. 1,114,797 shares of the company's stock were exchanged, compared to its average volume of 525,071. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The business's 50 day moving average is $18.32 and its two-hundred day moving average is $25.40. Endava has a fifty-two week low of $14.00 and a fifty-two week high of $34.94. The stock has a market cap of $838.24 million, a P/E ratio of 129.09, a PEG ratio of 2.26 and a beta of 1.25.

Endava (NYSE:DAVA - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). Endava had a return on equity of 0.89% and a net margin of 0.74%. The business had revenue of $250.63 million for the quarter, compared to analyst estimates of $197.33 million. As a group, equities analysts expect that Endava will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endava

Several institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its position in Endava by 16.1% during the first quarter. Jane Street Group LLC now owns 10,682 shares of the company's stock valued at $208,000 after buying an additional 1,482 shares during the period. Circumference Group LLC grew its position in Endava by 48.8% during the first quarter. Circumference Group LLC now owns 251,500 shares of the company's stock valued at $4,907,000 after buying an additional 82,500 shares during the period. State of Wyoming grew its position in Endava by 112.7% during the first quarter. State of Wyoming now owns 2,367 shares of the company's stock valued at $46,000 after buying an additional 1,254 shares during the period. Trexquant Investment LP bought a new position in Endava during the first quarter valued at about $764,000. Finally, Next Century Growth Investors LLC bought a new position in Endava during the first quarter valued at about $1,929,000. Institutional investors own 62.23% of the company's stock.

Endava Company Profile

Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in North America, Europe, the United Kingdom, and internationally. It offers ideation and production services in the payments and financial services, telecommunications, media, and technology verticals; and business analysis, data analytics, program management, digital product strategy, private equity value enhancement, IT strategy, architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.